AmeriMerchant - One Of The Oldest & Largest Merchant Cash Advance Providers Celebrates Its Ten Year Anniversary

AmeriMerchant, one of the oldest and largest merchant cash advance providers in the marketplace, is celebrating its ten year anniversary. During its history, AmeriMerchant has become a best-of-class brand in the merchant cash advance marketplace. For more information on AmeriMerchant's ten year anniversary, click here.

Vantiv and AmeriMerchant To Offer Working Capital Solution To A Potential 400,000 Merchants

Vantiv (formerly Fifth Third Processing Solutions) along with National Processing Company (NPC), a Vantiv subsidiary, announced today they will be offering a merchant cash advance solution provided by AmeriMerchant to their nearly 400,000 merchants they support. For more information on this merchant cash advance / working capital partnership, please click here.

North American Merchant Advance Association (NAMAA) announces New Members And Officers

The North American Merchant Advance Association (NAMAA), a 501c non-profit industry association that provides guidance and helps influence and shape the merchant cash advance industry through leadership, education and the sharing of information, announced today the addition of four new members to its organization as well as the election of new officers. For more information on this story, click here.

NAMAA is the only industry voice for the merchant cash advance industry and currently represents 80%+ of the largest merchant cash advance providers in the industry. NAMAA also offers risk management tools to allow merchant cash advance providers to reduce their default rates from merchants that have previously defaulted with other merchant cash advance providers.

Note: David Goldin, editor of this blog is also the President of the North American Merchant Advance Association.

First Data Becomes An Approved Processor Of AmeriMerchant Merchant Cash Advance Program

First Data, one of the largest merchant processors in the world, has entered into an agreement with AmeriMerchant to become an approved processor of the AmeriMerchant merchant cash advance program. This deal will expand AmeriMerchant's market share by allowing First Data ISOs to offer the AmeriMerchant merchant cash advance program to their merchants. For more information on this story, see the story in The Green Sheet or ISO & Agent

First Data SpendTrend Report Positive Indicator For Merchant Cash Advance Revenue?

The following information can be seen as positive news for the merchant cash advance industry.

Nation's Restaurant News is reporting that First Data released in their October 2010 "SpendTrend" report that "Consumer credit- and debit-card spending in restaurants and bars grew by 9.5 percent in October year-over-year, the highest growth in more than 18 months."

Being that First Data has a huge amount of merchants to collect data from, this is a very positive indication that perhaps consumer spending could be on the rise for at least restaurants. This information holds well for the merchant cash advance industry as the amount of money a restaurant and/or bar can qualify for is based on their monthly historical credit / debit card processing totals.

Looking To Acquire Merchant Cash Advance Providers and Merchant Cash Advance Resellers

If you are a merchant cash advance provider (fund your own merchant cash advance deals) or a reseller of merchant cash advances with an office, sales staff, etc. that caters to the US or Canadian marketplace, AmeriMerchant is currently seeking potential acquisitions in the marketplace. If you are interested, please contact me directly at dg@amerimerchant.com. All inquiries will be kept confidential.

-David

NOTE: The editor of this blog is also the President & CEO of AmeriMerchant.

AmeriMerchant Consolidates With Leading Canadian Merchant Cash Advance Provider

AmeriMerchant (http://www.amerimerchant.com) one of the oldest and largest merchant cash advance providers in the United States and CanaFunding (http://www.canafunding.com), one of the best established merchant cash advance providers in Canada, have announced a merger of their operations that will allow AmeriMerchant's US-based sales channels to offer a merchant cash advance product to the Canadian marketplace.

For more information, visit the story in the Financial Post, a Canadian newspaper.

Editor's Note: The Editor of this blog is also the CEO of AmeriMerchant.